IBM Said to Sell 10-Year Bonds at Record Low 1.875% Coupon

IBM Said to Sell 10-Year Bonds at Record Low 1.875% Coupon

Scott Eells/Bloomberg

International Business Machines Corp. sold $1 billion of 10-year bonds at 1.875 percent, the lowest coupon on record for dollar-denominated debt of that maturity, according to a person familiar with the offering who asked not to be identified because the terms aren’t yet public.